This page has been updated with data released in August 2025 for the July 2025 period.
- Home sales in Calgary were 2,099 in July 2025 (12% year-over-year decline)
- Average home price $616,686 (1.7% year-over-year increase)
- Benchmark price $582,900 (3.9% year-over-year decrease)
- New Listings of 3,911 (8.6% year-over-year increase)
- Inventory of 6,917 (66.1% year-over-year increase)
- Days on market 37 (56.8% year-over-year increase)
- Months of supply 3.30 (87.9% year-over-year increase)
- Lowest mortgage rate in Calgary
Average Home prices in Calgary
The overall average home price in Calgary is $616,686 which for all home types. These are the other average home prices in Calgary by home type:
| Area | Home Price |
|---|---|
| Total | $616,686 |
| Detached | $799,551 |
| Row & Townhouse | $453,000 |
| Semi-Detached | $692,826 |
| Apartment | $337,715 |
Median Home prices in Calgary
The median home price in Calgary is much lower than the average at $569,500. These are the median home prices in Calgary by home type:
| Area | Home Price |
|---|---|
| Total | $569,500 |
| Detached | $705,000 |
| Row & Townhouse | $434,500 |
| Semi-Detached | $605,000 |
| Apartment | $310,000 |
Benchmark Home prices in Calgary
The benchmark home price looks to provide a home price based on the price of a typical home within Calgary. These are the benchmark home prices in Calgary for each home type:
| Area | Home Price |
|---|---|
| Total | $582,900 |
| Detached | $761,800 |
| Row & Townhouse | $446,200 |
| Semi-Detached | $697,500 |
| Apartment | $329,600 |
How much income would it take to afford a home in Calgary?
This table shows the income needed to afford a home based on the median home price in Calgary:
| Area | Home Price | Income | Y/Y Change |
|---|---|---|---|
| Total | $616,686 | $163,500 | +$2,302 (+1.43%) |
| Detached | $799,551 | $204,529 | -$965 (-0.47%) |
| Row & Townhouse | $453,000 | $126,775 | -$3,827 (-2.93%) |
| Semi-Detached | $692,826 | $180,583 | +$709 (+0.39%) |
| Apartment | $337,715 | $100,909 | -$822 (-0.81%) |
For the calculation of income to afford a home in Calgary we used the following as inputs:
- Down payment of 20% to avoid mortgage default insurance
- Mortgage rate of 3.99%
- Amortization period of 25 years
- Gross debt service (GDS) ratio of 32%
- Property tax of $354 per month ($4250 per year)
- Heating costs of $150 per month ($1800 per year)
Real estate data for Calgary is released and updated by the Calgary Real Estate Board (CREB).